Yeah, I think it's low. The A/F mix says 12.2 for the second pul...but we cant see the entire graph. It looks to me like the 6bbl is either just barely opening, or not opening at all. On every six pac I've dyno'd (chassis dyno) there is a momentary drop in the hp and tq as the outboards start to open. You said you changed jetting and timing..What did you change them to for a final value? What springs are in the pods? If you have iron heads I would be running something like 82s in the primary, with either purple or tall yellow springs in the pods. If possible, you may want to invest in the Pro Max jet plates for them so you can richen the outboards slightly too. It sounds like a fairly stout combo, I'd be looking for at least 350-370hp to the tires with it regardless of dyno type.
As for doing a compression test... That is like was said above. Run the enigne to warm it up. Pull all 8 plugs and I disconnect the dist so no spark. Wire the center carb at wide open throttle. Then test eachcylinder, turning it for 3-4 revolutions per cylinder. Write the reading on the gage. You should have all cylinders within 10% of each other. How high a reading depends on your exact build. But I would say anything lower than 130psi indicates a possible cam timing problem.
The leakdown test... That is nothing like above. Typical compression gages do not "bleed down"...you relase the pressure with the schrader valve. So they will not indicate a loss unless the gage itself is bad. You need a leak down tester. That is a small manifold setup, with two gages. You connect a good compressed air source to one side, and the other goes to the spark plug hole like a std tester. The piston needs to be at top dead center on compression so the cylinder is sealed. Then, the shop air source is set to typically 100psi. That's your reference gage and pressure. The second gage reads what the cylinder is actually holding. So if the reference is 100psi, and the cylinder shows 93psi, you have a 7% "leak". If the pressure is a lrage amount, you can hear where it's leaking to...sound in the intkae means intake valve seats...Sound in the exh is exh valve seats. Sound and vapors from the breather hole of filler cap indicate bad rings or damage to the ring sealing surfaces. A typical engine, in good shape, with standard rings that are seated will leak down in the 5-8% range if the engine is not fully warm. A gapless ring set, or similar will leak down around 2-3%. Anything greater than 8% in a healthy motor to me shows a possible issue. Many times it's just the rings havent fully seated yet if it's like 10%.